At the basis of any industry are iteration and improvement. While those provide safe ways to grow they unfortunately do not lead to the rapid logarithmic development enjoyed by digital economies. In order to achieve that, Nomadigo assists governments in duplicating the success of Israel's Startup Nation by identifying and building industry-based ecosystems. Israel utilized its national challenges and assets to turn its deserts into orchards, its swamps into fields, and responded to its hostile surroundings by creating one of the most agile, adaptable and technologically advanced militaries in the world. This approach has bred innovators who created over 6000+ companies; making up the backbone of Startup Nation. The created ecosystem posted 587 exits worth over $108B in the last decade. This in turn attracted more than 539 multinationals from 35 countries which value the locally available creativity and opportunities. business documents on office table with smart phone and laptop computer and graph financial with social network diagram and two colleagues discussing data in the background-1 Why is this Vital? National economies without an ecosystem developed around key resources export value abroad to the benefit of other countries and corporations instead of capturing this value domestically. While exports of raw materials are often an important engine for the local economy, these generally enrich only a small part of the population, and even then, most of the value is captured by partners located further along the value chain. Innovative ecosystems serve as enablers and stimulate exponential growth of the pie, which allows countries to capture additional value domestically, while breeding new entrepreneurs, companies and executives. In this model domestic capital investment takes place in the early stages of growth and is followed by inflows of foreign capital, once new ideas have proven their viability. This influx of capital differs from the purchase of natural state resources with foreign capital as these are actually investments in people. This creates a new entrepreneurial segment of the population, it serves to educate and empower more people, who go on to create new business serving the needs of the industry by developing new tangential companies. The growth often eclipses the original core industry. The example? Israel, where people applied knowledge from the agricultural and defense industries to the tangential industries of hardware, telecom, software systems, cyber, automotive and medical devices, just to name a few. photodune-3414776-business-group-m-B How We Create an Ecosystem After establishing the initial contacts through missions and summits, we take the initial traction gained by those interactions to create champions at target companies to assist in opening the opportunity to join an expo in the host country. This is usually executed in combination with government incentives for investment in the key industries and verticals as specified. Business leaders and financial partners are invited to speak and get a taste of the opportunities provided by the host countries and learn about the success already achieved over the past years’ investments. Sector-based innovation days gather industry leaders from specific segments to further join innovation development. These consist of companies at three stages of life cycles: startups, enterprises, and multinationals. Through this combination, Nomadigo seeks both to generate business with companies that can make decisions quickly, as well as build relationships with decision-makers at large multinationals that facilitate “Whale” size deals, which require long-term nurturing and development. To prepare for each innovation day Nomadigo employs a team of 10 people from diverse disciplines who take personal responsibility for each activity undertaken in the process.
